This quiz works best with JavaScript enabled. Home > Saving > Investing > Saving And Investing – Quiz 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Saving And Investing Quiz 7 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Alicia Martin's savings account has a principal of $ 1, 200. It earns 7% interest compounded quarterly . How much compound interest will she earn after 9 months? A) $ 64.79. B) $ 64.11. C) $ 42.37. D) $ 42.36. Show Answer Correct Answer: B) $ 64.11. 2. When investing, which is typically correct? A) Greater Risk, Greater Return. B) None of the Above. C) Greater Risk, Less Return. D) Lower Risk, More Return. Show Answer Correct Answer: A) Greater Risk, Greater Return. 3. Where is the headquarters for the Federal Credit Administration located A) Dallas, Texas. B) McLean, Virginia. C) Sacramento, California. D) Bloomington, Minnesota. Show Answer Correct Answer: B) McLean, Virginia. 4. Unearned income received from the sale of an asset above its purchase price A) Capital gain. B) Dividend. C) Bond. D) Market price. Show Answer Correct Answer: A) Capital gain. 5. Which type of credit generally charges borrows the highest rate of interest A) Amortized mortgage. B) Collateralized loan. C) Secured loan. D) Unsecured loan. Show Answer Correct Answer: D) Unsecured loan. 6. A place (physical or internet) where stocks are traded. A) Stock Market. B) Stockholders. C) Mutual Markets. D) Bond Markets. Show Answer Correct Answer: A) Stock Market. 7. Principal is ..... A) Interest paid on both the principal and the already earned interest. B) The interest paid on the principal alone. C) A fixed charge for borrowing money; usually a percentage of the amount borrowed. D) The money originally invested or loaned. Show Answer Correct Answer: D) The money originally invested or loaned. 8. A pool of money collected from many investors, and used to buy stocks, bonds, and other securities. A) Stock. B) Mutual fund. C) Bond. D) Goals. Show Answer Correct Answer: B) Mutual fund. 9. Which of the following describes lease A) Sale of stock by a private company. B) Friend of relative receives an ownership interest in the business. C) Method of gaining the use of assets for the business. D) Business selling stocks directly to the public. Show Answer Correct Answer: C) Method of gaining the use of assets for the business. 10. A young investor willing to take moderate risk for above-average growth would be most interested in: A) Real estate. B) Bonds. C) Single stocks. D) Mutual funds. Show Answer Correct Answer: D) Mutual funds. 11. Pays regular, often steadily increasing dividends A) Blue chip. B) Preferred. C) Growth. D) Income. Show Answer Correct Answer: D) Income. 12. When was the FDIC created? A) 1920. B) 1910. C) 1933. D) 1923. Show Answer Correct Answer: C) 1933. 13. A saver who wants her savings insured by FDIC wants to use this savings option A) Stock. B) Bonds. C) Mutual fund. D) Savings account. Show Answer Correct Answer: D) Savings account. 14. Deciding whether to save $ 25 dollars or buy a pair of shoes illustrates A) Risk. B) Budgeting. C) Opportunity cost. D) Denial of benefits. Show Answer Correct Answer: C) Opportunity cost. 15. Which of the following is a saving certificate with a fixed maturity date and specified fixed interest rate? A) Money market fund. B) Certificate of deposit. C) High-yield of deposit. D) Annuity. Show Answer Correct Answer: B) Certificate of deposit. 16. What is a volatile investment? A) An investment that can change quickly without warning. B) An investment that is fairly low risk. C) An investment that requires a high volume of investors. D) An investment that gains value slowly over time. Show Answer Correct Answer: A) An investment that can change quickly without warning. 17. The return on your investment for a savings account is the: A) APR. B) Principle. C) APY. D) Balance. Show Answer Correct Answer: C) APY. 18. The amount of interest earned depends on the account balance A) Tiered interest rate. B) Savings tools. C) Checking account. D) Saving account. Show Answer Correct Answer: A) Tiered interest rate. 19. This class of ownership has a higher claim on the assets and earnings A) Common. B) Preferred. C) Growth. D) Income. Show Answer Correct Answer: B) Preferred. 20. Which of the following items is liquid? A) Money is a savings account. B) Money invested in real estate. C) Money invested in a CD. D) A new car. Show Answer Correct Answer: A) Money is a savings account. ← PreviousNext →Related QuizzesSaving QuizzesSaving And Investing Quiz 1Saving And Investing Quiz 2Saving And Investing Quiz 3Saving And Investing Quiz 4Saving And Investing Quiz 5Saving And Investing Quiz 6Saving And Investing Quiz 8Saving And Investing Quiz 9Saving And Investing Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books